Huntington National Bank grew its position in shares of Charter Communications Inc (NASDAQ:CHTR) by 31.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135 shares of the company’s stock after purchasing an additional 32 shares during the period. Huntington National Bank’s holdings in Charter Communications were worth $47,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of CHTR. Vident Investment Advisory LLC lifted its stake in Charter Communications by 68.1% in the 3rd quarter. Vident Investment Advisory LLC now owns 4,242 shares of the company’s stock valued at $1,382,000 after acquiring an additional 1,719 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Charter Communications by 34.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 11,255 shares of the company’s stock valued at $3,668,000 after acquiring an additional 2,905 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Charter Communications by 26.1% in the 3rd quarter. Mackenzie Financial Corp now owns 2,282 shares of the company’s stock valued at $744,000 after acquiring an additional 472 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Charter Communications by 31.4% in the 3rd quarter. Macquarie Group Ltd. now owns 4,600 shares of the company’s stock valued at $1,499,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in Charter Communications by 110.8% in the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 27,402 shares of the company’s stock valued at $8,930,000 after acquiring an additional 14,400 shares in the last quarter. Hedge funds and other institutional investors own 74.90% of the company’s stock.
NASDAQ:CHTR opened at $361.69 on Thursday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.57. The company has a market cap of $80.99 billion, a price-to-earnings ratio of 69.29, a P/E/G ratio of 1.25 and a beta of 1.40. Charter Communications Inc has a twelve month low of $250.10 and a twelve month high of $368.02.
Charter Communications (NASDAQ:CHTR) last posted its earnings results on Thursday, January 31st. The company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.20). The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.15 billion. Charter Communications had a return on equity of 2.70% and a net margin of 2.82%. Research analysts forecast that Charter Communications Inc will post 7.54 EPS for the current fiscal year.
CHTR has been the topic of several recent analyst reports. TD Securities boosted their price target on Charter Communications from $385.00 to $405.00 and gave the stock a “buy” rating in a research report on Friday, February 1st. Nomura initiated coverage on Charter Communications in a research report on Wednesday, January 16th. They set a “neutral” rating and a $330.00 price target on the stock. BidaskClub lowered Charter Communications from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. Royal Bank of Canada set a $400.00 price target on Charter Communications and gave the stock a “buy” rating in a research report on Saturday, February 2nd. Finally, Zacks Investment Research raised Charter Communications from a “hold” rating to a “buy” rating and set a $391.00 price target on the stock in a research report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Charter Communications presently has an average rating of “Buy” and an average price target of $359.18.
In related news, Director John D. Markley, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $350.09, for a total transaction of $350,090.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jonathan Hargis sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $339.51, for a total value of $5,092,650.00. Following the transaction, the executive vice president now directly owns 15,964 shares in the company, valued at $5,419,937.64. The disclosure for this sale can be found here. Insiders have sold a total of 57,233 shares of company stock worth $19,544,909 over the last three months. 0.84% of the stock is owned by insiders.
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About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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